MYFXMARKETS is a 1st grade scam broker and Bucket shop, without any physical location, anywhere in the world, they never let you profit, i traded with them, and made some decent profits and i received this below email from them today, after a long time; they accuse me of trading arbitrage, when i never used any ea to trade all this while, all my trades were done manually by my self in person (i mean manual trades and not use of any ea) and i never got any trades below 3 minutes, all my trades were long term trades, then to aviod paying me my profits, they accuse of doing arbitrage or hedgeing, this is a fat lie and a big scam broker, please stay off this broker, for your own good

MYFX MARKETS - Your Trading Account
Inbox
x

JPSupport
3:48 AM (10 hours ago)

to me
Dear Client,
 
After conducting an investigation on the trading activity of your account, we have reached to the below conclusion:
 
Account 700370 was trading on price disparities resulting from rare/occasional price latencies, mainly on Major currencies, with the purpose of benefiting from a possible pricing arbitrage/hedging to the Company's detriment.
This comes as a violation of our Trading Terms and Conditions to which the Client has to comply with before opening an account with the Company.
 
Considering that trades were entered at a significant wrong prices, MYFX MARKETS has decided to proceed as per below with immediate effect:
 
· Reverse positions that were generated as a result of execution under lagging/wrong prices
 
In addition please also note that the company reserve the charge an administration fee which at this points has chosen to waive, and you have the right to request withdrawal of your remaining initial deposit.
 
Should you have any questions, please feel free to contact us.
 
Regards,
 
MyFx Markets Customer Support
 
Description: Description: Description: Description: Description: email
 
 
MyFX Markets International Pty Ltd
Web: www.myfxmarkets.com
 
Any general advice in this electronic communication does not take into account you or your client's personal objectives, financial situation and needs. Before making any decision in relation to any investment, you must consider your objectives, financial situation and needs, read the relevant Product Disclosure Statement and consult your adviser. Any views or opinions expressed in this email do not necessarily represent those of MyFX Markets Pty Ltd. This email and the information it contains is confidential, legally privileged and exempt from disclosure under applicable law. Access to this communication by anyone other than the addressee is unauthorised and any other delivery, distribution, copying or disclosure is strictly prohibited and is not a waiver of privilege or confidentiality. If you receive this message in error, please notify the sender and delete it from your system. Morris Prime, whose trading name is Myfx Markets, is regulated by the Financial Services Commission (FSC) of the Republic of Mauritius. The company's Category 1 Global Business No. is C115014181 and the company registration No. is C130207
 
 

They also claim to be regulated by the Financial Services Commission (FSC) of the Republic of Mauritius. The company's Category 1 Global Business No. is C115014181 and the company registration No. is C130207, which seems to be a BIG FAT LIE, AS THE FSC maritius when contacted cliams, that they do not regulate forex activities.